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and because of that the june appealed the fact that chrysler terminated these employees. they are entitled to as union employees to receive collective bargaining and have an arbitration they have reinstated it. >> who ordered it? >> the arbitrator in the state of michigan that was in charge of that area. >> the arbitrator ordered these guys back correct because they said there was insufficient evidence. there was no charges. this is suffice the fact that a reporter we spoke to mr. well check from fox 2 the news area there, he actually saw it, witnessed it, broke the story, smelled the pot, the whole thing, the moral of the story is call the cops when you walk in on union workers with or any workers that are. >> otherwise you don't have case. >> i want to be perfectly clear and you are the person to do it for the whole audience watching tonight let me get this straight the union said is this the united auto workers union, i assume? >> yes. >> to the state arbiter or to the by appoint want, all right? there is no evidence that they were drinking and smoking pot on the job.
and because of that the june appealed the fact that chrysler terminated these employees. they are entitled to as union employees to receive collective bargaining and have an arbitration they have reinstated it. >> who ordered it? >> the arbitrator in the state of michigan that was in charge of that area. >> the arbitrator ordered these guys back correct because they said there was insufficient evidence. there was no charges. this is suffice the fact that a reporter we spoke to...
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you put chrysler in very awkward position. >> i did put chrysler in awkward position, no two ways about it. it is really workers fault. they are the guys that did it. there are a lot of people working in the factory and i'm hearing from the people in the factory right now, majority of people that i have been hearing from that work in the factory are not really thrilled that these guys are coming back. megyn: they gave them all a black eye. >> the people in the factory don't want the guys working in there. megyn: majority of the workers are hard-working people who don't get hammered on the lunch break and go back and build our jeeps. they took a beating as well in the public. i want to talk about whether this is the new state? we've been talking about unions in this program as michigan is now a right-to-work state and this is where this happened, in michigan. i will pick up on that and how this story plays in right after the break. we'll carry you guys over. stay with me. hmm, it says here that cheerios helps lower cholesterol as part of a heart healthy diet. that's true. ...but you stil
you put chrysler in very awkward position. >> i did put chrysler in awkward position, no two ways about it. it is really workers fault. they are the guys that did it. there are a lot of people working in the factory and i'm hearing from the people in the factory right now, majority of people that i have been hearing from that work in the factory are not really thrilled that these guys are coming back. megyn: they gave them all a black eye. >> the people in the factory don't want the...
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>> well, this is a situation where chrysler fired the workers. they were embarrassed by the video of course. it went national. it went international. they fired the 13 guys pretty quickly, because they wanted to send a message that, you know, this is not the image that chrysler wants. so they fired these guys quickly. then it goes through the arbitration process. took two years. chrysler hired a bunch of lawyers, i assume. the uaw hired a bunch of lawyers, i assume. they battle it out in court. the arbitrator is like the judge, and arbitrator said these guys deserve their jobs back. now in the statement that chrysler said -- gave me, they said this happened during their off-duty time. so technically, i guess, they were not paid. even the uaw has rules where it says they don't tolerate alcohol and drugs in the workplace, but these guys were in their off-duty time them. spent their lunch getting high, having a good time, then going back to work. so i don't know. >> what was it like when you first happened upon the scene? take me back to that moment
>> well, this is a situation where chrysler fired the workers. they were embarrassed by the video of course. it went national. it went international. they fired the 13 guys pretty quickly, because they wanted to send a message that, you know, this is not the image that chrysler wants. so they fired these guys quickly. then it goes through the arbitration process. took two years. chrysler hired a bunch of lawyers, i assume. the uaw hired a bunch of lawyers, i assume. they battle it out in...
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as a result of what he found he brought it to chrysler's attention. 13 employees fired following chrysler's investigation. two suspended 30 days. all of them back at work. check this out. roll the tape. >> hey, guys, hate to be a buzz kill, shouldn't you guys building cars? the government spent a lot of money bailing you guys out and you're coming out here on lunch break drinking like this? where are you guys going, man? >> reporter: they got out but didn't essentially get away because they lost their jobs. two years later most are back, reinstated 30 days later. they were drinking out of paper bags and reportedly smoking marijuana. the jefferson north assembly plant in michigan where this was taking place, they were part of the auto industry that received what was collectively millions in taxpayer bailout money, martha. martha: interesting. good reporting. jamie, thank you very much. >> reporter: sure. bill: was that guy driving away in a ford mustang in the story? guilty as charged. see you at lunch today, martha. unions planning, another mass protest tomorrow in the state of michigan. wh
as a result of what he found he brought it to chrysler's attention. 13 employees fired following chrysler's investigation. two suspended 30 days. all of them back at work. check this out. roll the tape. >> hey, guys, hate to be a buzz kill, shouldn't you guys building cars? the government spent a lot of money bailing you guys out and you're coming out here on lunch break drinking like this? where are you guys going, man? >> reporter: they got out but didn't essentially get away...
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the chrysler workers got their jobs back. chrysler rehired the workers that were fired. let's bring in the investigative reporter that broke the story two years ago. he's been following it through. my obvious question is these guys have got their jobs back. do you get back-pay? do you know whether they do or not? >> i do not know whether they do or not. i asked that question. in fact when i talked to the girl from chrysler when i first found out about this on friday that they got their jobs back, i talked to her. i asked her a bunch of questions. i was kind of shocked and flabbergasted even though you had called it, you said they were going to get their jobs back a couple of years ago. you were absolutely right about that, stuart. but anyway, when i talked to her, i hung up the phone and i stopped, thought about it, i said my gosh i've got to find out if they are getting that back-pay. i called her back and all of a sudden she kind of clammed up and said that it was a personnel matter and she couldn't say if they got back-pay. so i could not tell you if they got back-pay
the chrysler workers got their jobs back. chrysler rehired the workers that were fired. let's bring in the investigative reporter that broke the story two years ago. he's been following it through. my obvious question is these guys have got their jobs back. do you get back-pay? do you know whether they do or not? >> i do not know whether they do or not. i asked that question. in fact when i talked to the girl from chrysler when i first found out about this on friday that they got their...
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and because of that the june appealed the fact that chrysler terminated these employees. they are entitled to as union employees to receive collective bargaining and have an arbitration they have reinstated it. >> who ordered it? >> the arbitrator in the state of michigan that was in charge of that area. >> the arbitrator ordered these guys back correct because they said there was insufficient evidence. there was no charges. this is suffice the fact that a reporter we spoke to mr. well check from fox 2 the news area there, he actually saw it, witnessed it, broke the story, smelled the pot, the whole thing, the moral of the story is call the cops when you walk in on union workers with or any workers that are. >> otherwise you don't have case. >> i want to be perfectly clear and you are the person to do it for the whole audience watching tonight let me get this straight the union said is this the united auto workers union, i assume? >> yes. >> to the state arbiter or to the by appoint want, all right? there is no evidence that they were drinking and smoking pot on the job.
and because of that the june appealed the fact that chrysler terminated these employees. they are entitled to as union employees to receive collective bargaining and have an arbitration they have reinstated it. >> who ordered it? >> the arbitrator in the state of michigan that was in charge of that area. >> the arbitrator ordered these guys back correct because they said there was insufficient evidence. there was no charges. this is suffice the fact that a reporter we spoke to...
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chrysler now twice. we see that in the southern states where the transplants are without the unions. they weren't the ones who went bankrupt last -- in 2008 and 2009. so it really is a choice. it's a tough choice. and i sympathize with the unions but the fact is that in the global economy where you have to compete on wages and other elements, of the units of production, can you either have, you know, high wages with low employment or you can, as obama would say, spread around the wealth. the fact is that in the right-to-work states, unemployment is 6.9%. >> we have a graphic that shows right-to-work vs. non-right to work statements on employment, go ahead. >> and in the other stays the non-right-to-work it's 8.7. so you can choose to have fewer workers who enjoy higher inflated unnatural, if you like, wangs on uncompetitive wages. or competitive wages and more people employed. more people with the dignity of a job and less unemployment. more taxation and more activity. i think it's it the right choice bu
chrysler now twice. we see that in the southern states where the transplants are without the unions. they weren't the ones who went bankrupt last -- in 2008 and 2009. so it really is a choice. it's a tough choice. and i sympathize with the unions but the fact is that in the global economy where you have to compete on wages and other elements, of the units of production, can you either have, you know, high wages with low employment or you can, as obama would say, spread around the wealth. the...
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chrysler said it disagrees with the decision but it wants to move forward. a suspect in texas not letting a little thing like handcuffs. take a look. guy stealing the cop tar while handcuff. see darren douglas porter sneak into the driver's seat after rolling down the rear window which isn't supposed to roll down. cops were talking to one another. and about some store that he allegedly burglarized and 41-year-old abandoned the car a few blocks away. cops are confident they will catch him soon. so he did get away. most viewed youtube video ever and smash hit in the u.s. did the gangnam style rapper once wish death to american soldiers? ♪ gangnam style ♪ >> by the way gangnam is the wealthest area of south korea. back in 2004, rapper psy called for slow and painful death for soldiers in iraq and their families. he has recently apologized and set to perform for the president during a christmas special which tapes tomorrow in washington. an online petition asks that psy be removed from the show but that petition has since been taken down. the president still
chrysler said it disagrees with the decision but it wants to move forward. a suspect in texas not letting a little thing like handcuffs. take a look. guy stealing the cop tar while handcuff. see darren douglas porter sneak into the driver's seat after rolling down the rear window which isn't supposed to roll down. cops were talking to one another. and about some store that he allegedly burglarized and 41-year-old abandoned the car a few blocks away. cops are confident they will catch him soon....
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all chrysler said is it may make extra jeeps in china. here's what i said about romney's surprising misunderstanding of the auto industry back then. >> for decades and decades and decades, american auto companies have made cars in the countries or the regions in which they sell them. i want to remind americans when they buy toyotas and hondas and hyundais and nissans in america that are assembled here, back home somebody said why are you shipping our jobs to america? it shows a misunderstanding by the romney camp to try and get under people's nails about jobs and cars being made elsewhere. >> christine didn't see that coming and got stuck listening to my rant. they knew all of this very well and chrysler immediately denied the claim and romney stood by his ad. i don't need to tell you what an important swing state ohio is. there may be a host of reasons he department carry the state in the end, but his stunt didn't help. he tried to deceive ohioans and it backfired. mitt romney lost his best chance at the white house. the lie of the year
all chrysler said is it may make extra jeeps in china. here's what i said about romney's surprising misunderstanding of the auto industry back then. >> for decades and decades and decades, american auto companies have made cars in the countries or the regions in which they sell them. i want to remind americans when they buy toyotas and hondas and hyundais and nissans in america that are assembled here, back home somebody said why are you shipping our jobs to america? it shows a...
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, they also put out a radio ad that said the same thing, and they continued to repeat it even after chrysler and the fact checkers had said it was simply not true. jeep was actually expanding its production in the u.s. the reason it was thinking of building, that it's planning to build a plant in china is to meet the increased demand for jeeps in china, so it was just blatantly false and yet they persisted with it. >> you know what's interesting, too, remember when the chrysler ceo, sergio marchione had to put out a statement basically saying, liar, liar, pants on fire, this is not going to happen. that's never, or more nicely i'm obliged to unambiguously restate our position. jeep production will not be moved from the united states to china. it is inaccurate to suggest anything different. there were strategists who were stunned that this ad, that this was being said, because they thought it was kind of signaled a desperate move. what was the runner-up, what was the next runner-up that could have been picked as the biggest lie? >> well we had ten finalists and i should note that we had a rea
, they also put out a radio ad that said the same thing, and they continued to repeat it even after chrysler and the fact checkers had said it was simply not true. jeep was actually expanding its production in the u.s. the reason it was thinking of building, that it's planning to build a plant in china is to meet the increased demand for jeeps in china, so it was just blatantly false and yet they persisted with it. >> you know what's interesting, too, remember when the chrysler ceo,...
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>> eric: chrysler said we don't like to decision. we would have fired them but they can't. >> kimberly: they have protection. bostonright to work means whoever is not a union member gets the sweat they put in to it to get the good jobs. they're scabs because they don't put in the union political fund. >> dana: 24 states have lower unemployment rate and other states are not right to work, while shouldn't michigan, at least they have a democratic process. it's passed. the governor has been thoughtful about it. people, majority of people support it. why not let them try something that would alter history? >> kimberly: why not? >> bob: why not bad handguns in countries that don't have murder. here we ban them and it -- >> greg: the funny thing is we talk about greece, but before there was greece, there was detroit. detroit is greece. if it was only the acropolis. dead city. people left because they couldn't make a living, the unions suffocate pod tenial. >> bob: true about toledo and cleveland and cincinnati? the northern cities that hav
>> eric: chrysler said we don't like to decision. we would have fired them but they can't. >> kimberly: they have protection. bostonright to work means whoever is not a union member gets the sweat they put in to it to get the good jobs. they're scabs because they don't put in the union political fund. >> dana: 24 states have lower unemployment rate and other states are not right to work, while shouldn't michigan, at least they have a democratic process. it's passed. the...
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but then the topics on the union, chrysler wanted to fire workers who were spot smoking spot and getting drunk. they were off the clock and came back to work on the assembly line. the arbitration guy said you have to hire them back. fair or unfair? >> i'm trying to get over this. if i got scarred for every time somebody called me fat i'd be nothing but scar tissue. it doesn't bother me. >> kimberly: you like it because i said i like meaty men. >> bob: what is the big deal? he said fat. >> dana: didn't say it to their face. it was on the receipt. >> bob: if you fired everybody out smoking on the lunch break after the country would be out of work. >> eric: may i weigh in? >> dana: yes. >> eric: this is the problem with america we're worried about firing people. business owners if you want fire them because they called someone fat, fire them. guess what? he is not going to get employed until he turns his ways around. fire away. fire that guyer radio d.j. good luck getting more radio d.j.s. turned around and the unions tell you, you can't fire someone for doing something wrong the whole worl
but then the topics on the union, chrysler wanted to fire workers who were spot smoking spot and getting drunk. they were off the clock and came back to work on the assembly line. the arbitration guy said you have to hire them back. fair or unfair? >> i'm trying to get over this. if i got scarred for every time somebody called me fat i'd be nothing but scar tissue. it doesn't bother me. >> kimberly: you like it because i said i like meaty men. >> bob: what is the big deal? he...
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gm, chrysler were all on the brink of failure. and if they failed, the suppliers and distributors that get their business from those companies, they would have died off, too. even ford could have gone down -- production halted. factories shuttered. once proud companies chopped up and sold off for scraps. and all of you -- the men and women who built these companies with your own hands -- would have been hung out to dry. and everybody in this community that depends on you -- restaurant owners, storekeepers, bartenders -- their livelihoods would have been at stake, too. so i wasn't about to let that happen. i placed my bet on american workers. we bet on american ingenuity. i'd make that same bet any day of the week. [applause] three and a half years later, that bet is paying off. this industry has added over a quarter of a million new jobs. assembly lines are humming again. the american auto industry is back. and companies like daimler know you're still a smart bet. they could have made their investment somewhere else, but they didn
gm, chrysler were all on the brink of failure. and if they failed, the suppliers and distributors that get their business from those companies, they would have died off, too. even ford could have gone down -- production halted. factories shuttered. once proud companies chopped up and sold off for scraps. and all of you -- the men and women who built these companies with your own hands -- would have been hung out to dry. and everybody in this community that depends on you -- restaurant owners,...
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>> the irony is yesterday chrysler announced $120 million investment in michigan. 115 new jobs. michigan has helped lead the economic comeback for this country in part because of historic collective bargaining agreements between the detroit three and the united autoworkers. we have a labor management partnership that works. this, as you said was about politics. it was about gutting organized labor and the irony is i work for a labor management fund connected with a laborer's union and we invest almost $5 million a year in apprenticeship and training programs. we operate skilled workers to build complicated infrastructure projects like the governor wants to build in this state. so it will make michigan less competitive. it puts us in a race to the bottom with low-wage, low-skill states, that's bad for our state. >> eliot: tim, you were one of the leaders in the legislature. many of us looking at michigan and think is a state that voted for president obama. just re-elected debbie stabenow to the senate. you are as blue as a state can be. what explains this tension almost this schi
>> the irony is yesterday chrysler announced $120 million investment in michigan. 115 new jobs. michigan has helped lead the economic comeback for this country in part because of historic collective bargaining agreements between the detroit three and the united autoworkers. we have a labor management partnership that works. this, as you said was about politics. it was about gutting organized labor and the irony is i work for a labor management fund connected with a laborer's union and we...
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ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a government job
ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to...
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we talked earlier this week about the power of unions and the situation in chrysler up to detroit where a fox affiliate reporter caught the guys on tape. there they are boozing and smoking pot on their lunch break then going back and working with heavy machinery building automobiles. and they just got ordered to get their jobs back despite the tape. they are on tape. because the way these union contracts are and the rules. now we hear these guys, these healthcare workers who are accused of just so our viewers know, removing patient i.d. wrist expands, patient identifiers from the room dears and wheelchairs. the name tags for thal humaner's ward were mixed up. the photo attached to medical records were removed. >> they have five days. healthbridge. five days in which to make their appeal. what is interesting is the judge in this case. he was select about it national labor relations board at the behest of the service employees union. he has hand picked by the nlrb. he is a clinton appointee. and he is hardly a dispassionate and objective player. megyn: it could have gone the other way und
we talked earlier this week about the power of unions and the situation in chrysler up to detroit where a fox affiliate reporter caught the guys on tape. there they are boozing and smoking pot on their lunch break then going back and working with heavy machinery building automobiles. and they just got ordered to get their jobs back despite the tape. they are on tape. because the way these union contracts are and the rules. now we hear these guys, these healthcare workers who are accused of just...
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they don't want to have happen to them what happened to general motors or chrysler. yothey make it less profitable r unions. as a result you get more invested and more jobs. jobs are one thing michigan definitely needs. lori: i agree. the unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. >> if you can persuade workers to give you their money, that is fantastic, that is your constitutional right. they should not be forced to pay dues to the union. 20% of union households in michigan support the right to work law. probably because there's a awful lot of union workers don't go there again the value worth of their dues or supports priorities. they should have a choice, that is their right. lori: we have seen unions lose membership, lot less clout than in generations past. how do you characterize the influence of unions right now? >> it is a competitive marketplace. up through the late 70s the detroit automakers headlock on th
they don't want to have happen to them what happened to general motors or chrysler. yothey make it less profitable r unions. as a result you get more invested and more jobs. jobs are one thing michigan definitely needs. lori: i agree. the unions would argue many of the freedoms, many of the advantages their workers enjoy her because of the lobbies and the history they have had, therefore the unions are deservedly deserve their dues. >> if you can persuade workers to give you their money,...
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chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and the unions are powerful there. it is emblematic and we look back on history. this move to make michigan a right to work state will be historic for that reason alone . what needs to be so clear in the discussion, it is really about choice. it is not about tamping down people's rights. it is actually moving them up and saying you now have a choice. you can pay your dues to the union, or you can choose not to pay the dues. >> steve: what happened in michigan is a great thing. because any time the government insists that you have to pay to go in and get a paycheck, that is it a s
chrysler now twice . we see it in the southern states where the plants are. they were not the ones that went bankrupt in 2008 and 9. it really is a tough choice and i sympathize with the unions. but in the global economy where you compete on wages and other units of production . you can either have high wages with low employment or as obama said spread around the wealth. >> gretchen: michigan is the heart of the labor industry in this nation specifically whether so many cars are made and...
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what's happening with chrysler. what's happening with ford. >> yep. >> i mean, these are companies that are fighting back. >> coming back. >> and it is inspiring. >> they need strong unions. >> let's do a town hall meeting. >> let's do it. that was fun. we did that in new jersey on education. let's do it. >> let's go to detroit and we can talk about this, also how to revive detroit. >> michigan, you did a show for the big detroit regional chamber of commerce. >> look forward to that. >> we're all going to be there. >> in vermont, you don't need, because of the icy conditions there, a ford raptor, do you? >> oh, you need a raptor. >> i have a hybrid escape. >> raptor's a lot like the escape. >> except it has horrific gas mileage. the raptor. >> oh, the raptor. >> four miles to the gallon. >> escape gets good mileage. >> 31 in the summertime. it's fantastic. >> impressive. >>> still ahead, political analyst richard wolffe. also the president of the university of pennsylvania and author amy guttmann explains why the pe
what's happening with chrysler. what's happening with ford. >> yep. >> i mean, these are companies that are fighting back. >> coming back. >> and it is inspiring. >> they need strong unions. >> let's do a town hall meeting. >> let's do it. that was fun. we did that in new jersey on education. let's do it. >> let's go to detroit and we can talk about this, also how to revive detroit. >> michigan, you did a show for the big detroit regional...
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melissa: can you imagine you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new information? did we know this before? >> well, no, we've told the regulators about this we spent millions of dollars in research to try to understand that dynamic. in fact let me reiterate. in the oil and gas business we support biofuels. we're major investors and producers of biofuels but we don't think you should force more biofuels to be mixed with regular gasoline until you know its impact. other research shows it puts five million american cars that are already on the street at risk where it could have some engine damage. we think you need to look at all these other issues that are now starting to come to the surface, but regulators, the administration just moved forward mandating the fuel. melissa: what does it mean to have aaa coming in and putting out a warning, saying don't use it, a
melissa: can you imagine you buy the fuel and put it among the manufacturers, chrysler, gm, toyota, especially in older vehicles and look at your manufacturers website if you're in this group, what happens with the e15 the fuel separates and ethanol in there is highly corrosive to your engine. is this new information? did we know this before? >> well, no, we've told the regulators about this we spent millions of dollars in research to try to understand that dynamic. in fact let me...
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like the daimlerchrysler -- it is not chrysler anymore. it is a daimler plant. just walk in and talk to the management. in fact, i did talk to management. i talked to labor representatives and they talk how they worked together, these last years. he's decided to do is -- the governor, is the opposite. i talked to someone who's a union rep and he goes down to north carolina where there's a plant there, a daimler plant doing the same work. and it is a right-to-work state. >> bill: mmm. >> so they have a t-shirt there and it says "i ride, you pay." >> bill: oh, wow. freeloaders. >> free riders. so people don't have to pay a share of the cost of representation. and participating in that is such a good, american idea. isn't that responsibility? >> bill: of course. if any state exemplifies what can be done when labor and management works together it is michigan and uaw and the big three. as you say. and rick snyder just breaking with that tradition. so congressman, what happens -- i have to say for current tv, this would not have happened if our current tv's jennifer
like the daimlerchrysler -- it is not chrysler anymore. it is a daimler plant. just walk in and talk to the management. in fact, i did talk to management. i talked to labor representatives and they talk how they worked together, these last years. he's decided to do is -- the governor, is the opposite. i talked to someone who's a union rep and he goes down to north carolina where there's a plant there, a daimler plant doing the same work. and it is a right-to-work state. >> bill: mmm....
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Dec 12, 2012
12/12
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striking then that ford motor company ceo said at the time, and i quote, we believe that if gm and chrysler gone into freefall bankruptcy they would have taken the supply base down and taken the industry down, but maybe turn the u.s. recession into a depression, closed quote. that is a teaching moment about the power of the overall innovative skill set, the supply chain, and what that means for our capacity to compete when the company that would've been left standing thought they might have gone down as well. so, there's so much to say. i want to make these viewpoints, overall perspective, talk a little bit about manufacturing, about research and develop skills, and i'd be very happy to take your questions going forward. [applause] >> we have time for a few questions. i will call on people. if you can wait for christine to come around with a microphone. >> thank you. rob, invest in state we're in manufacturing invested in 20 states. my question goes to innovation funds which you brought it. at which stage are you focusing on? is it with respect to either extension or the startups? then on a
striking then that ford motor company ceo said at the time, and i quote, we believe that if gm and chrysler gone into freefall bankruptcy they would have taken the supply base down and taken the industry down, but maybe turn the u.s. recession into a depression, closed quote. that is a teaching moment about the power of the overall innovative skill set, the supply chain, and what that means for our capacity to compete when the company that would've been left standing thought they might have...
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Dec 10, 2012
12/12
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ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a government job
ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to...